Tags

Peru is seeking to attract investment, both domestic and foreign, in all sectors of the economy. For such purpose, it has taken the necessary measures to establish a coherent investment policy that eliminates barriers that may be faced by foreign investors. As a result, it has been considered one of the countries with the most open investment regimes in the world.

Foreign investment legislation and trends

Peru has adopted a legal framework that does not require prior authorization for foreign investment. As such, foreign investments are permitted without restrictions in most economic activities. The activities with restrictions are very specific, such as air transport, maritime transport, public and private security, and the manufacture of weapons of war. In addition, Peru has established a legal framework to protect the economic stability of investors and reduce government interference in economic activities.

The Peruvian State may grant legal stability to domestic and foreign investors with regards to the statutes in place on income tax and, specifically, on dividend distribution. Those foreign investors who can seek the execution of a legal stability agreement are those willing to invest in Peru, in a period of no less than two 2 years, minimum amounts of US$10 million in the mining and/or hydrocarbon sectors, or US$5 million in any other economic activity.

Peruvian laws, regulations, and practices do not discriminate between domestic companies and foreign companies. Foreign investors receive equal treatment. There are no restrictions on the repatriation of earnings, international capital transfers, or foreign exchange practices. There are also no restrictions on the sending of interest and royalties. Foreign currency may be used to acquire goods or meet financial obligations, provided that the operator complies with the Peruvian tax legislation in force.

Additionally, domestic and foreign investors are offered:

Freedom to gain access to internal and external credit Freedom to remit royalties and profits from their Investments

Simplicity of most operations, whether in local currency (Sol) or U.S. Dollars, without exchange rate controls

Abroad series of international investment agreements and participation in the Investment Committee of the Organization for Economic Cooperation and Development (OECD)

Direct foreign investments must be registered with the Private Investment Promotion Agency (ProInversión). Foreign investors may remit abroad (without any restrictions whatsoever) the net profits originating from their investments, as well as transferring their shares, ownership rights or interests, perform capital stock reductions, and wind up businesses.

Newest Video

Celebrated to honor the Virgin of Candelaria, the patron saint of the city of Puno, the Festival de la Candelaria or Carnival of Puno is a huge event merging Catholic traditions brought to Peru by the Spanish conquerors and age-old Andean customs, rites and symbols.

This site uses cookies and other tracking technologies to ensure you get the best experience. By using our website, you consent to our Cookies Policy and Privacy Policy. For our visitors from the European Economic Area ("EEA"): PeruTelegraph is compliant with the General Data Protection Regulation law ("GDPR").